National Republican., 1887-08-12
EADs sUIP RAILWAY.
The Company VIII Ask No Aid from
Congress.
New orleans Tlmes-Democrai

New orleans TimeS-Democrat.
The Eads Ship Railway Company organ
ICED Saturday with the following directors
Ex-senator William Window, Col. James
Andrews, William Shaw, vice president OF
the Pennsylvania railroad; Charles Lock
hart, r. S. Rois, John b. McDougald, and
d. l.. Corthell. In about twenty days the
company will have meeting and organz,
the Atlantic and Pacific Ship Transit Com
pany, under the laws Of New York, which
viii begin the construction OF Capt. Eads's
ship railway from the gulf OF Mexico to the
Pacific ocean without delay.
The company will ask no aid or assistance
from Congress. 1t is backed by men Of
great wealth, who have every confidence In
| 1t, and who will contribute all the money
necessary to carry IL through to sue ess.
Here is the only remaining chance OF
constructing that great transisthminn route
which is the hope and demand OF com.
merce. The growing trade between the
Atlantic and Pacific will no longer be de.
fed by this narrow strip OF laud separating
the two oceans, and demands the building
OF the ship railway. The Panama canal has
proved an expensive failure, has swallowed
| up hundreds Of millions, until even the
French, with all their confidence In
grand FrdncdiS, have declined to put up
| any more money on 1t. AS for the Mica
raguan scheme, II has never had any bot
tom. 1t has lived for half a century doing
naught but making absurd estimates OF the
| cost OF the work, estimates several hun
dred per cent. of from the true figures.
There remains only the Eads ship rail-
way to which the world looks to accom-
pllsh this great engineering feat-and II
| can and Will. II does not depend on q
| subsidy from the government like the Mica
| ragua scheme, nor will IL cost the hundreds
OF millions that have exhausted the pockets
and the patience Of the French people with
the Panama route. Its plans, even to the
minutest details, have been arranged, aud
| IL has at It's head men In whom every conf
| dence can be placed, who are specially
! fitted for the work and well backed flnan-
| cially for It. Col. Andrews, who will
| probably be the manager Of the company,
has been the co-laborateur Of Capt. Eads In
| all his great engineering enterprises-in the
st. Louis bridge, In the jetties, and other
works-,aId he is specially fitted to carry
i through to completion and success this
great enterprise, having fully mastered It.
All Its details were fortunately arranged
| between Capt. Eads and Col. Andrews be-
| fore the death of the former. There is
nothing to be done save to carry out the
work already planned and perfected. just
| as Col. Andrews was the executive through
whom Capt. Eads's plans for the jettles
were carried out, so In the present case he
| will complete the design of the great engl-
neer, and erect TO his memory the grandest
| piece OF modern engineering-a ship rail
| way across the isthmus.
The United States has vital interest In
this, and New Orleans an even greater one,
| There is no brighter ray Of hope in the
| future than the completion Of this ship
railway, that will make New Orleans the
nearest port Of the gulf, the Mississippi
| the hundreds of millions people on It's
shores, and billions OF dollars Of trade In
its bOsOm.